sebi:ASK/AO/73/2014-15
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on the Noticee for violation of section 21 of SCRA read with Clause 35 of the Listing Agreement
Provisions invoked
- s. 21
- s. 23
- s. 23E
- s. 23J
- s. 23A
Parties
- Gemini Communication Limited
Holding
The Noticee, Gemini Communication Limited, violated section 21 of SCRA read with Clause 35 of the Listing Agreement by filing wrong disclosures regarding the shareholding of its promoters for six consecutive quarters. A penalty of Rs. 5,00,000 under section 23A and Rs. 5,00,000 under section 23E of SCRA was imposed, totalling Rs. 10,00,000.
Full text
--------------------------------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of Gemini Communication Limited August 04, 2014
--------------------------------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of Gemini Communication Limited August 04, 2014
--------------------------------------------------------------------------------------------------------------------------------------- Adjudication Order in respect of Gemini Communication Limited August 04, 2014
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:ASK/AO/73/2014-15. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.